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Old 08-23-2019, 06:58 PM
 
Location: Metro Detroit, Michigan
12,855 posts, read 14,136,479 times
Reputation: 13629

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Quote:
Originally Posted by Winter_Sucks View Post
Why not sand or tree bark? What’s the difference?

Because gold has been money for about as long as the concept of money has existed. Plus, everyone would happily accept a piece of gold. Your alternative mediums of exchange are basically dirt and rubbish. Nobody wants that. The answer to your question should be obvious. Not everyone would agree to trade their labor for sand and garbage, but they would happily do so for something as valuable and desirable as gold.

Quote:
Originally Posted by vacoder View Post
Not true. Every source said Iran was upholding their end of the bargain. Trump ripped it up because Obama signed it.

He got rid of it to please Israel.
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Old 08-23-2019, 07:04 PM
 
Location: Noth Caccalacca
5,709 posts, read 6,754,218 times
Reputation: 5055
The "new world denomination" will be shares of stock in Trump University! What could be better? "Stable shares offered by the Stable Genius for an unstable world". "How much of Trump U do you have?"
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Old 08-23-2019, 07:04 PM
 
Location: the Sticks
9,168 posts, read 2,604,241 times
Reputation: 4840
Quote:
Originally Posted by craigiri View Post
That's not going to happen - but Trump is teaching the world a long term lesson - never rely on anything the USA says. Not treaties...not promises...nothing.

I think the world is getting the hint. But most Trumpies do not care. Yet.
As opposed to what Obama, Bush and Clinton taught? Bend us over and we'll even pay you for it? The one treaty I wish Trump would break is the cash to Israel and Egypt. That was a lesson Carter taught. The USA will pay you to act like friends with each other, even when it is none of our business.
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Old 08-23-2019, 07:09 PM
 
1,960 posts, read 495,138 times
Reputation: 1775
You elect someone who espouses isolationist policies, we shouldn't surprised when we get isolated. The U.S is not the super mighty power it once was, the world has changed and we will all learn this new lesson under Trump if he continues down this path.
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Old 08-23-2019, 07:13 PM
 
16,338 posts, read 4,301,859 times
Reputation: 11491
Quote:
Originally Posted by boneyard1962 View Post
As opposed to what Obama, Bush and Clinton taught? Bend us over and we'll even pay you for it? The one treaty I wish Trump would break is the cash to Israel and Egypt. That was a lesson Carter taught. The USA will pay you to act like friends with each other, even when it is none of our business.
Believe it or not, a LOT of treaties have held up including major Nuclear ones from the Reagan era.

All down the tubes now. Next thing NK and Iran will be fully nuked..and your deal leader, without congress approval, is transferring nuke tech to the Saudis.

What could possibly go wrong.

I think you will realize someday...but it will be too late. When trust is broken this badly it can take many decades or more to recover.

Oh, well, it was good while it lasted.....
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Old 08-23-2019, 07:53 PM
 
39,801 posts, read 41,181,721 times
Reputation: 16484
Quote:
Originally Posted by craigiri View Post
Not treaties...

A President cannot vacate a treaty, they can however vacate an executive agreement made by previous administrations. Both the Iran deal and the Paris agreement were highly controversial major policy decisions that did not have the required support for a treaty, they never should of been signed in the first place by either parties. If you want to point fingers then point them at Obama and the people in Iran and the EU who were warned this could occur.



Look at this way, suppose you made an agreement with the CEO of company and the board of directors warned you it was not legally binding. When a new CEO comes on board and cancels the agreement who's fault is that? If you wanted a legally binding agreement then you should of insisted on one in the first place.
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Old 08-23-2019, 08:46 PM
 
30,367 posts, read 15,763,654 times
Reputation: 20403
Quote:
Originally Posted by Winter_Sucks View Post
Why not sand or tree bark? What’s the difference?
Lol. You don't know.

BTW, that wasn't a question.
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Old 08-23-2019, 08:57 PM
 
Location: New Orleans, La. USA
5,959 posts, read 2,868,091 times
Reputation: 2213
Quote:
Originally Posted by moneill View Post
Bank of England Governor Mark Carney said the world’s reliance on the U.S. dollar as a reserve currency is too risky and proposed a new digital currency to replace it.

https://www.cnbc.com/2019/08/23/bank...the-world.html

Now that's a new concept.

I don't think they have ever talked about the instability of the USA dollar before.

WOW.

This isn't something to happen in the short term....but it shows how other countries are changing views on the USA and its role in the world.
Russia and China have been trying to stop the US dollar from being the world's reserve currency for years. And Japan, Brazil, India, South Africa, United Arab Emirates, Saudi Arabia, and Iran have started bypassing the US dollar as the reserve currency. And the UN and The International Monetary Fund have recommended that the US dollar stop being the world's reserve currency.
https://www.dukascopy.com/fxcomm/blo...46&language=en

One of the main reasons the US dollar is loosing its reserve currency status is because " Most Of The Rest Of The World Hates The United States."
https://www.dukascopy.com/fxcomm/blo...46&language=en

And recently the EU and United Kingdom have begun trading with Iran in non-US dollars to bypass Donald Trumps Iran sanctions.
https://seekingalpha.com/article/427...-slowly-surely


If/when the US dollar loses reserve currency status it will cause "massive inflation, high interest rates on mortgages and cars, substantial increases in the cost of food, clothing and gasoline, and a much harder time financing Americas national debt."
https://www.dukascopy.com/fxcomm/blo...46&language=en
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Old 08-23-2019, 09:08 PM
 
23,861 posts, read 12,569,324 times
Reputation: 7619
Quote:
Originally Posted by andywire View Post
Umm no, the world needs more gold backed currencies that are actually backed by something beside good intent.
And there are good discussions on what could replace the USA dollar......but the point is not what currency would be best (good discussion though) -- the point is --- the perception of lack of stability with the USA currency....USA in general.
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Old 08-23-2019, 09:11 PM
 
23,861 posts, read 12,569,324 times
Reputation: 7619
Quote:
Originally Posted by chad3 View Post
Russia and China have been trying to stop the US dollar from being the world's reserve currency for years. And Japan, Brazil, India, South Africa, United Arab Emirates, Saudi Arabia, and Iran have started bypassing the US dollar as the reserve currency. And the UN and The International Monetary Fund have recommended that the US dollar stop being the world's reserve currency.
https://www.dukascopy.com/fxcomm/blo...46&language=en

One of the main reasons the US dollar is loosing its reserve currency status is because " Most Of The Rest Of The World Hates The United States."
https://www.dukascopy.com/fxcomm/blo...46&language=en

And recently the EU and United Kingdom have begun trading with Iran in non-US dollars to bypass Donald Trumps Iran sanctions.
https://seekingalpha.com/article/427...-slowly-surely


If/when the US dollar loses reserve currency status it will cause "massive inflation, high interest rates on mortgages and cars, substantial increases in the cost of food, clothing and gasoline, and a much harder time financing Americas national debt."
https://www.dukascopy.com/fxcomm/blo...46&language=en
Sure Russia and China have never wanted the USA as reserve currency but now allies are questioning the use of USA dollars.

They don't trust the USA.

And you are wrong -- most of the world doesn't hate the USA anymore today than they did 40 years ago......

And I'm sure there are many critics of dumping the USA currency -- but it seems the rest of the world is not respecting the USA as a world leader anymore -- dump the Trump perhaps?


This whole new publicly addressing the instability suggests that Trump may not be respected and all that as much as some think. They don't trust him, the abiity of the federal govt. to make good decisions....blah blah blah.
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